Prior to closing, in a transaction arranged by Crown Acquisitions, Abercrombie & Fitch leased 20,000 sf of newly available space at 666 Fifth Ave., to join existing retailers the NBA Store and Hickey Freeman. "This is a landmark building in Manhattan's prime retail shopping district," says Robert Stuckey, head of Carlyle's US Real Estate Team, in a prepared statement. "Locations with high national and international foot traffic such as Manhattan's Gold Coast present unparalleled exposure and brand placement to their retail tenants."

Carlton Advisory Services arranged the venture between Carlyle, Crown and Kushner as well as the lending syndicate, which included Barclays and SL Green. The joint venture was represented by counsel, Simpson Thacher and Bartlett LLP and Fried, Frank, Harris, Shriver & Jacobson LLP.

Carlyle's investment in this property--which Kushner purchased for a record $1.8 billion in late 2006, early 2007--comes from Carlyle Realty Partners V, a $3 billion opportunistic real estate investment fund that invests in office, hotel, industrial, retail, residential and senior living sectors. Carlyle sources were unable to answer GlobeSt.com queries by deadline.